By analogy with BTC, Ethereum is also forming a flat as an ABC (subminuette degree), but unlike BTC it possibly is going to produce an expanding ending diagonal as a wave C.
Elliott Wave principle says that ending diagonal has 5 major waves each of which has to be a corrective ABC as sub waves.
On the chart you can see that 3 waves (micro degree) are already formed, and we are in a 4th wave now.
I expect 4th micro wave to be a zigzag with the support zone around 1700-1600, but don't get tricked after the leg A, it's going move up B and then devastating leg C.
Good luck to everyone, bears and bulls!
Elliott Wave principle says that ending diagonal has 5 major waves each of which has to be a corrective ABC as sub waves.
On the chart you can see that 3 waves (micro degree) are already formed, and we are in a 4th wave now.
I expect 4th micro wave to be a zigzag with the support zone around 1700-1600, but don't get tricked after the leg A, it's going move up B and then devastating leg C.
Good luck to everyone, bears and bulls!
Not
Wave A happens to be more violent than I expected, still looking for support and reversal to a wave B.İşlem aktif
The uptrend now can be a B wave of a correction ABC of 4th wave or it can be 5th wave. Let's give it some time and see the structure. I went long at 1.6kİşlem kapandı: durdurma seviyesi
Not going to happen because btc crossed invalidation point. Shorts must prevail from now on
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.